Scotland-based Innova Partnerships Ltd. Opens Boston Office

6/22/2012 10:27:45 AM

BOSTON, June 21, 2012 /PRNewswire/ -- Scottish company, Innova Partnerships Ltd. has announced the opening of its first U.S. venture in Northborough, Mass., to allow the company to play a key role in the internationalization of life science companies in Scotland.

Innova Partnerships Ltd, the global life sciences partnering and investment company, based in Perthshire, Scotland, specializes in supporting the commercial development of medical devices, diagnostics and life science products of companies based in the UK.

Dr. Steve Howell, CEO and founder of Innova Partnerships, stated: "This is a very exciting development and a significant step forward for our business. We look forward in bringing our life science services and our experienced team of associates to the U.S. market. Our strong expertise in intellectual property and regulatory compliance also means the company is perfectly positioned to offer a conduit to EU markets for expanding U.S. life science companies."

Founded in 2006, the company has a strong track record for providing investment and expert consulting services, in addition to placing key executives into fledgling life science companies. Innova Partnerships professionals have a combined experience of 150 years working with companies such as Johnson & Johnson, Alere Inc., Nypro Med Division, Unilever, and numerous startups and university spin outs.

The company has since evolved to offer complete and fully integrated support services for life science companies at all stages of their development extending its customer base beyond the UK. Innova Partnerships Ltd. has now set its sights on the U.S., leveraging existing relationships and collaborations to open an office in the Boston area.

Innova Partnerships' newly appointed U.S. President, Lou Gaviglia, said: "We have a great opportunity to work with European life science companies seeking to access the U.S. and North American market and can now provide a link for U.S. companies considering business in Europe. We would be delighted to discuss how we can help medical device and diagnostic companies wanting to expand their businesses."

Innova attended the 2012 BIO International Convention from June 18-21 at the Boston Convention & Exhibition Center, along with Scottish Development International (SDI), the country's economic development organization, who assisted more than 20 additional Scottish companies also looking to grow their business in North America.

"SDI established its North American headquarters here in Boston to allow for further collaboration and partnerships with one of Scotland's largest and most important markets," said Danny Cusick, President, Americas, SDI. "We applaud Innova Partnerships for expanding their life science investment expertise to the U.S. and look forward to welcoming this great Scottish company to Massachusetts."